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Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
 Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost a given, the continuous decline in the dry bulk rates has stopped any ambitions owners might have had for SnP transactions.
With the American President announcing new tariffs on iron ore imports and his aspirations to strengthen the US steel industry, concerns are rising in the market. On the other hand, cause for concern is caused by China weakening after a number of years when the oversupply of raw materials as well as global trade as a whole were largely dependant on the growth of Chinese growth rates. Therefore, the only possible solution for the recovery of the shipping market is scrapping. Fortunately, the current scrap value for dry bulk carriers is around $430/ldt for small tonnage vessels up to $470/ldt for big tonnage vessels. Increasing scraping activity is a visible solution that could give a future boost in the dry bulk market. To put things into perspective, the first signs with regards to scraping for the q1 2019 are positive, together with a small decline in dry NB orders, when comparing in both markets with the q1 2018.
The correction on values in the dry bulk market has created some expectations that we might witness the same levels in asset values as in 2016. However, the freight market is not at the same levels like 2016 and with the new regulations coming into force, this specific scenario does not look like it will be easily materialised, as the variables are vastly different. However it is worth analysing where the market currently stands in every segment.
In the Capesize sector it is indicative that vessels of any age do not to have any buying interest, and last week we had the first sale of a capesize in 2019.
In the Panamax/Kamsarmax sector we are seeing a lot of interest especially from Greek buyers, for vessels build from 2004 to 2008, as they possibly anticipate a healthier freight market in the near future or are look to resell when the freight rates increase. A representative example is the Kamsarmax ‘YARRAWONGA’ (82,624dwt-blt ‘08, Japan) were around 10 potential buyers inspected without being sure if the vessel is going to be sold definitely.
In the Supramax sector, we observe specific ship-owners showing interest into Japanese vessels, together with some Greek owners who consider selling their tonnage into more premium levels.
Lastly, over the past few weeks, the majority of sales were on the Handysize sector. It has been some time since we saw sales of Chinese vessels since the Carval deal where, even though it was an en-bloc deal, despite the minimal buying interest shown in the specific vessels, they were sold in line with the last done deal of December ‘BONNIE VENTURE’ (32,500dwt-blt ‘12, China).
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Wednesday, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries
LNG Western Africa Conference 2019 ...
Saturday, 13 April 19
IMO 2020 - DON'T SCRUB IT! - IVAR MYKLEBUST
KNOWLEDGE TO ELEVATE
Höegh Autoliners stands firm on its decision not to implement scrubbers but comply with the IMO 2020 regulations by ...
Saturday, 13 April 19
CAPESIZE: WEST AUSTRALIA TO CHINA IRON ORE CARGOES LIFTING FROM $4.60 PMT TO ABOVE $5.00 - BALTIC BRIEFING
Capesize
The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although b ...
Friday, 12 April 19
OIL MARKET REPORT: MIXED SIGNALS - IEA
The huge increase in oil production we saw in 2H18 has reversed following the implementation of the new Vienna Agreement and the increasing effecti ...
Friday, 12 April 19
OFFSHORE MENA CONGRESS 2019
Offshore MENA Congress 2019
Event Date : 11-12th Jun. 2019
Location : Cairo, Egypt
Offshore MENA Congress 2019 Offshor ...
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- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
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